[09:55:34 07/10/08] didi : hello everyone
[10:51:28 07/10/08] masif1 : hello
[11:03:41 07/10/08] Stalion : helloo everyone..
[11:06:18 07/10/08] masif1 : hi stal
[11:06:34 07/10/08] masif1 : how u doing bro?
[11:57:09 07/10/08] fxjedi : hello masif
[12:05:27 07/10/08] caprica1 : you there dude?
[12:51:46 07/10/08] fxjedi : Stal, we missed yesterday gu drop and it went close to 200
pips
[12:51:47 07/10/08] caprica1 : how is everyone?
[12:53:14 07/10/08] Stalion : cool
[12:56:10 07/10/08] Stalion : i saw that,jedi....went short at the 2nd support level
@1.7455...
[12:57:15 07/10/08] Stalion : price on the gbp is going up to 1.7515 before turning around
[13:50:00 07/10/08] Stalion : we put a sell stop on gbpusd @ 1.7483...1st target @
1.7455...2nd target @ 1.7425...
[13:50:43 07/10/08] fxjedi : sl?
[13:52:37 07/10/08] Stalion : 1.7545 as stop loss
[13:53:35 07/10/08] fxjedi : okay
[14:14:28 07/10/08] Stalion : price on cable has breached the 60% sell window...so we should
be seeing a turnaround in the downside..
[14:15:34 07/10/08] Stalion : if the opposite occurs, as in ,a sustained uptrend, that means
a new trend forming..
[14:16:36 07/10/08] Stalion : the one we are watching now on the 15th minute, is a
retracement...
[14:18:20 07/10/08] Stalion : if it continues going up, a new trend...an uptrend,..is
formed..
[14:20:41 07/10/08] fxjedi : if i get you right, stal, do you mean we are retracing?
[14:25:55 07/10/08] Stalion : yes, jedi....if you look at price now, we are @
1.7546...technically, we are around the level where the retracement is over,with an
intermediate high, then resuming its prevailing downtrend
[14:30:03 07/10/08] Stalion : but if the uptrend is sustained, and breaks the next
resistance high
[14:32:05 07/10/08] Stalion : we see opportunity for a counter trend
[14:46:41 07/10/08] Stalion : whats the name of the spike up there,cap...the high...
[14:51:48 07/10/08] klho83 : Hi Stal , the trade signal still valid?
[14:55:32 07/10/08] Stalion : yes it is , K...do you have an answer to our question,K?
[14:58:38 07/10/08] caprica1 : sorry Stal got logged out again.
[15:03:15 07/10/08] Stalion : we could adjust our sell stop upward to 1.7565...1st target @
1.7530...2nd target @ 1.7440....
[15:04:08 07/10/08] Stalion : no probs....so whats d name of the candlestick high on the
gbpusd 15min chart
[15:05:13 07/10/08] caprica1 : shooting Star?
[15:07:29 07/10/08] caprica1 : or an inverted hammer
[15:09:12 07/10/08] Stalion : shooting star
[15:13:57 07/10/08] caprica1 : I was right first time! lol
[15:14:10 07/10/08] caprica1 : that is a reversal bar as well?
[15:20:26 07/10/08] fxjedi : but stal , what if the trend continue going up?
[15:22:10 07/10/08] klho83 : now triple tops
[15:22:54 07/10/08] Stalion : cool, K
[15:23:59 07/10/08] Stalion : but remember the current high has broken and pierced through
the two previous high region
[15:24:52 07/10/08] caprica1 : still got yesterdays high to break through to confirm an up
trend continuation for me
[15:25:11 07/10/08] klho83 : Is dat going to to breakout? Stal
[15:28:09 07/10/08] caprica1 : a triple touch of a price level would class it as resistance.
[15:28:28 07/10/08] Stalion : What is MACD saying on the 1hr and 15 min charts?
[15:29:55 07/10/08] caprica1 : GU has lost some of its momentum from the up move earlier on.
[15:31:03 07/10/08] klho83 : 1H MACD has crossed zero line in +ve zone
[15:31:22 07/10/08] fxjedi : do you mean divergence, stallion?
[15:32:00 07/10/08] klho83 : +ve divergence
[15:33:49 07/10/08] Stalion : yes, on the 1 hr chart..
[15:35:47 07/10/08] klho83 : On 15mins it looks a bit tired
[15:36:23 07/10/08] Stalion : using a demand(resistance trendline) from the current top of
price and a line on the top of MACD, we could see bearish negative dgence to price
[15:38:53 07/10/08] klho83 : On 15mins chart?
[15:39:11 07/10/08] Stalion : remember, guys...the 15min tends to act faster than the
hourly...so I guess a slight downward movement might take place before 1hr divergence kicks
in on thee upside..
[15:45:57 07/10/08] Stalion : can we see gu dropping it like its hot??presently @ 1.7564
[15:53:58 07/10/08] fxjedi : it going back up
[16:00:22 07/10/08] fxjedi : it is true theres is so much money in the system but it looks
like bankers are keeping it under their own matteress !!! this is strange. They borrow money
from the central banks, and put it back with them ...That way they are sure not to lose too
much !!!!
[16:11:27 07/10/08] fxjedi : i reentered,stal,
[19:10:47 07/10/08] albashir : been away all day...did u guys haf a trade call today?
[19:58:40 07/10/08] Stalion : so we made 125 pips, less 40 pips...which is a net profit of
*5 minilot,$850 standard lot on gbpusd..